The Turkish Central Bank (TCMB) has initiated Turkish lira-settled forward foreign exchange sales to stabilize the foreign exchange market, curb exchange rate volatility, and manage foreign exchange liquidity. This decision comes as part of the bank's efforts to ensure the healthy functioning of the currency market amid recent fluctuations. The central bank announced that these transactions aim to prevent potential volatilities in exchange rates and maintain a balanced liquidity environment in the foreign exchange market. The announcement was made public through various media outlets, highlighting the urgency of the measures being implemented.